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Overview / Commentary
317-569-7420
11555 N Meridian St, # 400
Carmel, IN 46032

Merchants Bank of Indiana is headquartered in Carmel and is the 8th largest bank in the state of Indiana. It is also the 296th largest bank in the nation. It was established in 1923 and as of September of 2017, it had grown to 172 employees at 5 locations. Merchants Bank of Indiana has an A health rating.

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Health

Health Grade Components

Overall
FDIC Certificate #8056
Year Established1923
Employees172
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.73%
Return on Equity - YTD18.96%
Annual Interest Income$68.0MM
Assets and Liabilities
AssetsQ3 2017vs Q3 2016$3.24B$3.07B
LoansQ3 2017vs Q3 2016$2.06B$1.98B
DepositsQ3 2017vs Q3 2016$2.90B$2.79B
Equity CapitalQ3 2017vs Q3 2016$291.8MM$251.5MM
Loan Loss AllowanceQ3 2017vs Q3 2016$7.5MM$6.1MM
Unbacked Noncurrent LoansQ3 2017vs Q3 2016$2.6MM$3.4MM
Real Estate OwnedQ3 2017vs Q3 2016$0$0
Rates

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Locations


Merchants Bank of Indiana Locations
Indianapolis Bank Branch3737 East 96th StreetIndianapolis, IN 46240
Spartanburg Branch6880 South Arba PikeLynn, IN 47355
Merchants Bank Of Indiana11555 N. Meridian Street, Suite 400Carmel, IN 46032
Merchants Bank Of Indiana Carmel Office Branch11590 North Meridian StreetCarmel, IN 46032
Lynn Branch7375 South Us Highway 27Lynn, IN 47355